Left should support proportional regulation as a natural sibling to progressive taxation.
The increased financial regulation after the 2008 crisis disproportionally burdened small banks. This was counterproductive, as it lead to a worsening "too big to fail" problem, although it sought to tackle it.
Similarly, anti-trust regulations are often used to crush small businesses and the self-employed more than big businesses.
@LeoSammallahti I'm struggling with this idea a bit. It sounds kind of impossible and like we already have it at the same time. Regulators don't usually target the small enterprises, but when you get to the biggest of the big, the corporations are too powerful for the state to control
SMEs do have some regulatory exemptions, but they still bear a disproportionate regulatory burden (as a % of work & money spent on dealing with bureaucracy).
This makes It's basically impossible to charter a new credit union nowadays in the US and forces mergers.
Controlling big corporations is more challenging, which is partly why anti-trust regulators are more reluctant to use their powers against them.
See the example of Internet Credit Union:
@LeoSammallahti yeah I generally agree with this. There seems to be this consensus of "do not discriminate by scale" in modern policymaking which clearly tends towards advantaging the big players and arguably creating regulatory capture
This creates then a false dichotomy between regulating and allowing smaller businesses to flourish
@LeoSammallahti obviously there are exceptions but they're usually not nearly strong enough to make a dent
@LeoSammallahti personally I'm in favour of deliberately and massively advantaging co-ops of course...
@LeoSammallahti YES. Very much support this general concept.
Sometimes I even wonder if scrapping corp tax would be systematically better than charging the smallest 'lots' and the biggest 'little'.
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